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Daily: Oil drops by 2% to settle at $48.70 on Friday, the biggest weekly loss since mid-September
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Austrian power prices to increase by 15% in case of split from German market
The Austrian power prices could increase if the European energy regulator ACER decides in November to split Austrian and German power markets, which have been bundled together since 2002, stated the head of Austria's energy regulator.
read more... 19/10/2016
DONG Energy transforms its Studstrup plant from coal to biomass
Denmark's DONG Energy declared it has changed one unit of its Studstrup power plant in Aarhus to function on wood pellets instead of coal, while the second unit will be deferred, aiding to reduce carbon emissions.
read more... 11/10/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016
Cuadrilla gets the go-ahead for shale gas fracking in Preston, UK
The British government granted one of two Cuadrilla shale gas fracking permits on Thursday, allowing to perform hydraulic fracturing in northern England despite community oppositions.
read more... 10/10/2016